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Nick Halter

It’s been 21 years since Fuji Ya closed the doors of its restaurant that looked out over St. Anthony Falls and the Stone Arch Bridge.

While the site, at 420 1st St. on the west side of the river, has been the subject of many different ideas over the years, the Minneapolis Parks Foundation recently began an effort to develop the property.

The foundation’s vision is fairly broad, but one of its board members, Paul Reyelts, said the development would be dedicated for public use and be financed through a public-private partnership.